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February 23, 2010

PARC has few properties left for sale

By DAN HEATH

PLATTSBURGH — There's still time to buy property at the former Plattsburgh Air Force Base.

The Plattsburgh Airbase Redevelopment Corp. has nine prime parcels left for sale. Board of Directors Chairman Gilbert Duken said Tuesday that PARC hopes to sell most of those parcels by the end of the year.

PARC Engineer Kristy Dantes said the PARC headquarters building and former hospital parcel are the priorities.

The continued growth of Plattsburgh International Airport should increase the value of nearby property, Duken said.

"This is an excellent time to be investing in PARC property. We believe the market value of these properties will double or triple in the next few years."

Duken said the properties can be seen on the PARC Web site: www.parc-usa.com.

PARC Chief Financial Officer Lee Mitchell said PARC is down to four full-time and two part-time employees.

PARC Chief Executive Officer Bruce Steadman said the agency plans to have only three part-time employees — himself, Mitchell and Dantes — by July 1.

PARC's Phase 12 Empire State Development grant of $1 million is 66-percent complete, Mitchell said in his report, and the time line for spending the rest of the money has been extended through June 2010.

Most of the money is slated for projects at the PARC headquarters building, which is being marketed along with the other remaining parcels.

The application for a Phase 13 grant of $750,000, delayed last year, has been resurrected and will be presented to the Empire State Development Board on March 25.

In other news, Dantes said that all but one of about 85 above-ground storage tanks have been removed, as have all of the underground storage tanks.

Remediation work at the three-acre property, which included the former Central Heating Plant, is ongoing, she said.

PARC is now holding Board of Directors meetings in its conference room, on the second floor of the building at 130 Arizona Ave.

E-mail Dan Heath at: dheath@pressrepublican.com


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